Journal of Commerce: Increase in US truck freight tightens pricing pressure
As rates rise, shippers search for better ways to manage cyclical pricing.
As rates rise, shippers search for better ways to manage cyclical pricing.
DAT Solutions has brought together a number of different trucking tools into one, easy-to-use, mobile app, according to the company.
Frustration over spot freight rates bottoming out due to the COVID-19 pandemic drew more than 100 small-business owner-operators to Washington, D.C., for a “May Day” protest that lasted for three weeks.
DAT recently acquired the Freight Market Intelligence Consortium from Chainalytics, combining our existing real-time spot market analytics and insights with FMIC’s world-class intelligence and rate modeling for the contract freight market.
After slowing the previous week, the number of posted loads increased 15.6%, and spot van and refrigerated rates recovered their momentum, said DAT Solutions, which operates the industry’s largest load board network.
Portland, Ore.-based DAT Freight and Analytics said its Truckload Volume Index released June 12 showed “truckload freight volumes recovered to pre-COVID levels and largely returned to seasonal patterns in the second half of the month.”
Editor-in-chief Marina Mayer talks with Ken Adamo, chief of analytics for DAT Solutions, about the current state of freight and transportation amid the COVID-19 pandemic.
Editor-in-chief Marina Mayer talks with Ken Adamo, chief of analytics for DAT Solutions, about the current state of the freight and transportation industry.
The May edition of the DAT Truckload Volume Index showed signs of recovery in May, with truckload volumes recovering to pre-COVID-19 levels and getting closer to normal seasonal patterns.
Business reopenings and produce harvests are pumping more freight into the US truckload spot market, raising spot rates from low points hit in April and May.